Summary regression outcome
| Country | Variables | R2 |
|---|---|---|
| Germany | ECB interest rate Oil price Euro vs RMB | 0.845 |
| Portugal | Industrial confidence indicator Unemployment ratio - Pop > 25 years stock index Production industrial construction | 0.689 |
| Spain | Manufacturing turnover index Production prices in industry, domestic market Real effective exchange rate - 42 trading partners | 0.753 |
| Italy | Unemployment ratio - Pop. > 25 years General economic situation Production prices in industry, domestic market Manufacturing, production index | 0.721 |
| Ireland | Inflation ratio General economic situation | 0.696 |
| France | General economic situation LT interest rate Production prices in industry, domestic market | 0.720 |
| Belgium | Treasury bond (10 years) Unemployment ratio - Pop. > 25 years Interest rate deposits Stock index | 0.662 |
| The Netherlands | Unemployment ratio - Pop. > 25 years Industry confidence indicator Consumer confidence indicator | 0.737 |
| Country | Variables | |
|---|---|---|
| Germany | ECB interest rate Oil price | 0.845 |
| Portugal | Industrial confidence indicator | 0.689 |
| Spain | Manufacturing turnover index | 0.753 |
| Italy | Unemployment ratio - Pop. > 25 years | 0.721 |
| Ireland | Inflation ratio | 0.696 |
| France | General economic situation | 0.720 |
| Belgium | Treasury bond (10 years) | 0.662 |
| The Netherlands | Unemployment ratio - Pop. > 25 years | 0.737 |
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